Printer Friendly

Newmark arranges North Carolina sale.

Newmark Real Estate services has arranged the sale of the 178'858square-foot Waverly Place Shopping Center, Kildare Farm and Tryon Roads, Cary, North Carolina, for approximately $11 million, it was announced. The sale included four outparcels.

Gerald Rosenbloom, senior managing director, Newmark Real Estate Services, represented the buyer, an offshore investor. The seller, Fontana Development Corp., was represented by Charles M. Lowe of Carter Real Estate, Charlotte, North Carolina, and Lat Purser Associates.

Rosenbloom reported that the sale of the shopping center, which is 80 percent occupied, was closed successfully on Dec. 31. 1992.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Newmark Real Estate Services Inc. brokers sale of Waverly Place Shopping Center in Cary, North Carolina
Publication:Real Estate Weekly
Date:Jan 20, 1993
Words:93
Previous Article:New flagship store for Perugina.
Next Article:NJ office market sees changing dynamics.
Topics:


Related Articles
Deloite & Touche sublets 67,000 sf.
Law firm expanding.
Cantor Seinuk takes sublease space.
Law firm expands space.
Newmark & Company Real Estate of New Jersey.
Newmark & Company Real Estate.
Lease.
Home Depot soon to open its first Manhattan store.
Walgreens' biggest sale this year arranged by Newmark.
The deal makers.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters